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Nonprofits, educational institutions, and state and local governments receiving federal grant funds must comply with Uniform Guidance.
Allowable costs are specific expenses that are necessary, reasonable, and permitted under the grant's terms and Uniform Guidance regulations.
It requires detailed tracking, documentation, and reporting of federal grant funds to ensure transparency and compliance with federal standards.
Noncompliance can lead to grant repayment, loss of future funding, or audit findings against the organization.
Aplos provides fund accounting, reporting, and documentation tools tailored for grant compliance and federal audit preparation.